Dealing with HMRC It is important to ensure that information provided to HMRC is accurate and complete. A member must not assist a client to plan or commit any offence. If a member becomes aware that the client has committed a tax irregularity: • they must discuss it with the client and ensure proper disclosure is made. Examples would include: free acca study materails• not declaring income that is taxable • claiming reliefs to which they are not entitled • not notifying HMRC where they have made a mistake giving rise to an underpayment of tax, or an increased repayment. Where a client has made an error: • it will be necessary to decide whether it was a genuine error or a deliberate or fraudulent act. Once an error has been discovered: • the member should explain to the client free accounting books the requirement to notify HMRC as soon as possible, and the implications of their not doing so. Should the client refuse to make a full and prompt disclosure to HMRC: • the member must write and explain the potential consequences and, • consider whether the amount is material, and if it is, acca study materails whether they should continue to act for the client. If the client still refuses to make a full disclosure, the member: • should cease to act for the client. • must then also write to HMRC free download for pdf informing them that they have ceased to act for the client, but without disclosing the reason why. • must then consider their position under the Money Laundering Regulations. For FREE ACCA STUDY MATERIALS VISIT12 KAPLAN PUBLISHI• the individual is committed to work a specified number of hours atcertain fixed times, and is paid by the hour, week or month• the engagement is for a long period of time• the individual does not provide his own equipment• the individual is obliged to work personally and exclusively for theemployer, and cannot hire his exam preparation & tutoring own helpers• the work performed by the individual is an integral part of the businessof the employer, and not merely an accessory to it• the economic reality of self-employment is missing – namely thefinancial risk arising from not being acca books 2017-2018 paid an agreed, regular amount• the individual cannot profit from sound management.There is much case law on this area. However, note that an important caseconcerning a vision mixer who was engaged under a series of short-term contracts in the film industry, FREE LSBF ACCA VIDEO LECTURES DOWNLOAD established the following fundamental points: • it is necessary to look at the overall picture and to decide by examininga number of criteria, and• no one factor is conclusive.In this particular case, like many persons engaged in a profession orspecialised vocation, he did not have all the trappings of a business, anddid not supply his own equipment. However, the 'number of separateengagements' was held to be a key factor in the decision to treat him asself-employed.